Changes in Gold Prices

Gold So, there’s some positive vibes for gold after the CPI numbers dropped, just like people thought. Typically, when results are as anticipated, things don’t get too wild, but this time it’s pushing inflation up for the second consecutive month. With unemployment creeping up and inflation on the rise, investors might start worrying about stagflation. Gold managed to break through a crucial resistance level and could be looking to test the $2,720 range.

By the end of the year, it may well reach 3000$. Let's see where the situation would go. There may be another cut made by the Feds.

I think Gold will get into a consolidation phase till next year

You've made two gold threads. 1. Gold's consolidation💔 2. Gold's performance at the end of 2024🔥 And also this one where I have replied. There's no need for you to make each new thread about gold, stick to only one and the discussion will flow.